You work your butt off, and a rich dude does nothing and gets rich - how? - page 16.

Ozziecoin

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Quote from: sameev29 on May 27, 2014, 04:56:37 AM

From my experience its the nationalism system of the world.For example in the world of Bitcoins,a multipool developer from Asia will charge much less than a developer from US.Although the work is same.He can charge more being in the US and buyers will prefer him more but the one in Asia is preferred less for these newly sophisticated technical works.Many common IT related works are outsourced from Asia on the other hand too but not for all sectors.

For your topic,actually no can can get rich doing nothing.He has to do some sort of work at least physically or mentally.It could be that he is fueling the project with his idea and letting the technicians handle the work and so on.

Please read the first page.

sameev29

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From my experience its the nationalism system of the world.For example in the world of Bitcoins,a multipool developer from Asia will charge much less than a developer from US.Although the work is same.He can charge more being in the US and buyers will prefer him more but the one in Asia is preferred less for these newly sophisticated technical works.Many common IT related works are outsourced from Asia on the other hand too but not for all sectors.

For your topic,actually no can can get rich doing nothing.He has to do some sort of work at least physically or mentally.It could be that he is fueling the project with his idea and letting the technicians handle the work and so on.

Ozziecoin

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Activity: 448

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I've got nothing against hardworking poor people who made it. I'm just pointing out that rich people shouldn't get a helping hand. Or do we still want to help rich people over poor people? Seems kinda sad right? FRB is the root of all evil. (Says me).

nickenburg

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Quote from: Kprawn on May 26, 2014, 12:31:28 PM

Wow this thread clearly crush "dreamers" Grin

There are enough evidence, everywhere in the world, where people with "Poor" backgrounds, excelled in life, and made it big.

Bill Gates started in his garage {Today he is the richest man alive}

My neighbor came to our "3rd world" country with only a bag of clothes. 45 years later he pensioned a millionaire, and I am the poor bastard next door, spoiling his view. Ha ha ha.

And there are thousands of these examples of poor people making it big. {Those are the good stories, that catch the news, not the wealthy rich boy, who inherit millions}

Will the rich get richer, yes they will.. Do poor people, have no change, of making it big? No way.

Bill gates is not the richest man, thats what the media wants you to believe, but there are family's with alot more.
And that's only a few examples of people who started poor but came out rich, the rest of the world still has to slave away for a little money

glub0x

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Quote from: Kprawn on May 26, 2014, 12:31:28 PM

And there are thousands of these examples of poor people making it big. {Those are the good stories, that catch the news, not the wealthy rich boy, who inherit millions}

Will the rich get richer, yes they will.. Do poor people, have no change, of making it big? No way.

those /I or I know someone who / made it always make me laugh.

I actually know a man who survived a plane crash. He did it, why all those idiots of Malaysia airlines didn't manage to save at least one guy to tell us where is the plane?

you really belive it's a fair world where labour is rewarded at it's fair price so the small can be big if they just move their ass?

Kprawn

legendary

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Well .... Financial world.. people like "Robert Kiyosaki" etc... / Science world - Mark Shuttleworth

Entertainment world... "Justin Bieber" / "Carlise Theron"

Read some biographies of these people and see where they came from.

Need more?

BombaUcigasa

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Quote from: Kprawn on May 26, 2014, 12:31:28 PM

Bill Gates started in his LOADED FAMILY {Today he is the richest man alive}

Some people like to dream... got any other examples?

21pilot

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Activity: 252

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Quote from: Kprawn on May 26, 2014, 12:31:28 PM

45 years later he pensioned a millionaire, and I am the poor bastard next door, spoiling his view. Ha ha ha.

but you got the Bitcoins Wink

Maybe the "pecking order" in your street will change once BTC price hits a new all-time-high

Kprawn

legendary

Activity: 1904

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Wow this thread clearly crush "dreamers" Grin

There are enough evidence, everywhere in the world, where people with "Poor" backgrounds, excelled in life, and made it big.

Bill Gates started in his garage {Today he is the richest man alive}

My neighbor came to our "3rd world" country with only a bag of clothes. 45 years later he pensioned a millionaire, and I am the poor bastard next door, spoiling his view. Ha ha ha.

And there are thousands of these examples of poor people making it big. {Those are the good stories, that catch the news, not the wealthy rich boy, who inherit millions}

Will the rich get richer, yes they will.. Do poor people, have no change, of making it big? No way.

xavier

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Quote from: trashymonkey on May 22, 2014, 11:00:51 PM

Poor people work for their money, rich people have their money work for them.

And that is the way of the world. ¯\_(ツ)_/¯

If only things were as simple as that ...

NotLambchop

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Quote from: NotLambchop on May 25, 2014, 09:44:47 PM

Quote from: Ozziecoin on May 25, 2014, 08:15:05 PM

... This should not be accepted in America which is supposed to represent the land of opportunity where dreams can be realised.

Oh Jesus, don't tell me it ain't true! They've been lying to me all along? MY America?!!
Now I'm almost afraid to ask, but are the streets paved with gold like they say, or is that just a bunch of phooey too?!

Is there anything left to live for, Ozziecoin?! Angry

Quote from: Ozziecoin on May 25, 2014, 09:53:52 PM

Answer the question notlambchop.

You, after reaching adulthood in Australia, would like to know if an American kid from a brokeass family has the same odds of becoming rich as a kid who inherits his wealth?
The answer is no. No he does not.

Should he?
That depends on who you ask. People who bitch against inheritance tax, for instance, think the notion reeks of Socialism.

And now you know about the magical land of opportunities called ~~Equestria~~ America, where everyone is equal, and nothing ever hurts.

glub0x

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Quote from: Ozziecoin on May 25, 2014, 11:58:00 PM

Banking is advantaging asset holders unfairly.

this. plain truth.

Ozziecoin

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Merit: 250

And suddenly there is peace and quiet. Grin

Ozziecoin

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Quote from: twiifm on May 26, 2014, 12:24:06 AM

You are full of shit. What's the difference of some buying BTC because of 'foresight' and someone's great grandfather buying a plot of land in lower Manhattan when it was a dump?

If you are born w no assets and you have a great business idea. You know what you do to finance your business? You borrow money from the bank or find investors. Without FRB it would make it way harder for banks to loan money. The interest would be sky high because of liquidity constraints

I already explained Piketty's theory of wealth inequality resulting from Return of Capital exceeding Growth.

The fix is not to eliminate FRB or fix money supply. All that will do is create give the current holders of capital assets MORE advantage than the people who haven't even been born yet. More rent seeking behavior than our current situation

Wow! You're just one angry fella aren't you? Please provide evidence not assertions.

I have explained why I believe FRB leads to wealth inequality. Here is My explanation .

I have provided evidence of widening wealth inequality. I have shown that debt levels are rising due to FRB. I have shown that poor people are being disadvantaged.

AFAICT, you got nothing. Current holders of capital assets are being unfairly advantaged. You're either dense or working for the rich. I think Ockam's razor is eliminating the latter. In which case, you're now on my ignore list.

twiifm

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You are full of shit. What's the difference of some buying BTC because of 'foresight' and someone's great grandfather buying a plot of land in lower Manhattan when it was a dump?

If you are born w no assets and you have a great business idea. You know what you do to finance your business? You borrow money from the bank or find investors. Without FRB it would make it way harder for banks to loan money. The interest would be sky high because of liquidity constraints

I already explained Piketty's theory of wealth inequality resulting from Return of Capital exceeding Growth.

The fix is not to eliminate FRB or fix money supply. All that will do is create give the current holders of capital assets MORE advantage than the people who haven't even been born yet. More rent seeking behavior than our current situation

Ozziecoin

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For those of you who just joined this thread and wonder what is going on, please read the first post: https://bitcointalksearch.org/topic/m.6885312

Ozziecoin

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Quote from: twiifm on May 25, 2014, 11:42:31 PM

Dude. We all know it takes money to make money. Life is unfair. Rich get richer. Etc.

Its been this since civilization existed. With or without FRB. Its like that in rich countries, poor countries, socialist, communist, capitalist, monarchist. Everywhere it is like that.

What about bitcoin early adopters who bought at $1 and now have 500X return on investment. You think that's unfair too?

Banking is advantaging asset holders unfairly. I defend my right to speak about it, whether it is in Australia, America or a developing country.

Let's admit to ourselves what FRB is: A way for rich people to stay rich. Please, let's not obfuscate the plain truth!

I do not agree with the statement "with or without FRB" Clearly, it has advantaged asset holders against people with no assets and the young.

As for bitcoin holders who bought at $1, I hold no grudge against people with foresight, determination and who played on an EVEN PLAYING FIELD. I welcome fair competition, the way capitalism was meant to be.

Moreover, ozziecoin reserves 50% of coin supply for the residents of Australia. We now possess the means to fix this unfair advantage that rich people have, via ensuring that only money on the Blockchain is considered real money. We can COMPLETELY ELIMINATE FRACTIONAL RESERVE BANKING.

twiifm

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Quote from: Ozziecoin on May 25, 2014, 08:15:05 PM

Quote from: twiifm on May 25, 2014, 08:06:28 PM

Capitalism is not about fairness or equal playing field. Never have been. Capitalism is about competition

We have crony capitalism in USA

Unfortunately, this is true. But you must also see that the financial system in America today is naturally advantaging those that hold assets against those that don't have any assets, and also those that don't have assets on a net basis. Meaning, asset minus liability = zero assets.

The wealthy holding the assets are getting wealthier by virtue of the fact that they own assets. This should not be accepted in America which is supposed to represent the land of opportunity where dreams can be realised.

Dude. We all know it takes money to make money. Life is unfair. Rich get richer. Etc.

Its been this since civilization existed. With or without FRB. Its like that in rich countries, poor countries, socialist, communist, capitalist, monarchist. Everywhere it is like that.

At least in USA there is the possibility for social mobility. How do you explain Snoop Dogg, or Mark Zuckerberg. Or even Satoshi whoever he is. Or just some immigrant whose kids go to college and become professional

Stop making it sound you are oppressed when you living in AUSTRALIA! Try living in the shithole 3rd world countries where 90% of people have no choice but to be poor their entire life

Stop ranting about banking when its banking that financed practically every entrepreneurial endeavor we know today

What about bitcoin early adopters who bought at $1 and now have 500X return on investment. You think that's unfair too?

Ozziecoin

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More evidence:

This is from oxfam and covers period from 1980 to 2012.

Quote

A new report from Oxfam has been published in time for the World Economic Forum in Davos this week.
It shows the world's ultra-wealthy have not only recovered from the global financial crisis, they have positively blossomed.

The report shows the wealth of the 1 per cent richest people in the world is worth about $US110 trillion, 65 times the total wealth of the bottom half of the world's population.
It also shows the world's richest 85 people control about $US1.7 trillion in wealth, equivalent to the bottom half of the world's population.
And far from hindering the wealthy, the political response to the global financial crisis - including the actions of central banks and the austerity measures introduced by national governments - has made the rich fabulously richer.

In the US, the wealthiest 1 per cent of the population grabbed 95 per cent of post-financial crisis growth between 2009 and 2012, while the bottom 90 per cent became poorer.

Read more: http://www.smh.com.au/business/richest-85-boast-same-wealth-as-half-the-world-20140120-314vk.html#ixzz32mzA4qpL

neofelis

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People are poor because there's not enough spending. No spending, no jobs.

Wow, that is scary statement. I hope you are not referring to government spending. Reminds me of a few years ago when I heard a Congressman say "We have to spend our way out of this recession."

If the masses spend their money, the economy improves. When the government spends the peoples money, the economy declines.

Topic: You work your butt off, and a rich dude does nothing and gets rich - how? - page 16. (Read 23786 times)